Collective Mining Expands the High-Grade Ramp Zone by Intersecting 51.95 Metres at 8.38 g/t AuEq Including 18.05 Metres at 16.32 g/t AuEq
Collective Mining (NYSE: CNL) has announced significant drill results from its Apollo system at the Guayabales Project in Colombia. The company reported impressive intersections from two follow-up drill holes in the newly discovered Ramp Zone, including 51.95 metres grading 8.38 g/t gold equivalent in hole APC103-D2, the deepest hole ever drilled at Apollo.
The Ramp Zone has been expanded by approximately 50 meters along strike and 150 metres vertically, with mineralization identified between 1,050 and 1,200 metres below surface. The zone shares similarities with Aris Mining's Marmato Deeps deposit, located 1.75 kilometres away, but shows materially higher grades. The company currently has five drill rigs operating as part of its fully funded 60,000-metre drill program for 2025, with two additional rigs expected to begin drilling in February.
Collective Mining (NYSE: CNL) ha annunciato risultati significativi dalle perforazioni del sistema Apollo nel progetto Guayabales in Colombia. L'azienda ha riportato intersezioni impressionanti da due perforazioni di follow-up nella newly discovered Ramp Zone, tra cui 51,95 metri con una gradazione equivalente a 8,38 g/t di oro nel foro APC103-D2, il foro più profondo mai perforato ad Apollo.
La Ramp Zone è stata ampliata di circa 50 metri lungo la strike e 150 metri verticalmente, con mineralizzazione identificata tra 1.050 e 1.200 metri sotto la superficie. La zona condivide somiglianze con il deposito Marmato Deeps di Aris Mining, situato a 1.75 chilometri di distanza, ma mostra gradi significativamente superiori. Attualmente, l'azienda ha cinque impianti di perforazione operativi come parte del suo programma di perforazione totalmente finanziato di 60.000 metri per il 2025, con due impianti aggiuntivi che dovrebbero iniziare le perforazioni a febbraio.
Collective Mining (NYSE: CNL) ha anunciado resultados de perforación significativos de su sistema Apollo en el proyecto Guayabales en Colombia. La empresa reportó intersecciones impresionantes de dos agujeros de perforación de seguimiento en la recién descubierta Ramp Zone, incluyendo 51,95 metros de grado equivalente a 8,38 g/t de oro en el agujero APC103-D2, el agujero más profundo jamás perforado en Apollo.
La Ramp Zone se ha expandido aproximadamente 50 metros a lo largo de la strike y 150 metros verticalmente, con mineralización identificada entre 1,050 y 1,200 metros bajo la superficie. La zona comparte similitudes con el depósito Marmato Deeps de Aris Mining, ubicado a 1.75 kilómetros de distancia, pero muestra grados significativamente más altos. Actualmente, la empresa tiene cinco plataformas de perforación operando como parte de su programa de perforación totalmente financiado de 60,000 metros para 2025, con dos plataformas adicionales que se espera comiencen a perforar en febrero.
Collective Mining (NYSE: CNL)는 콜롬비아의 Guayabales 프로젝트에서 Apollo 시스템의 중요한 시추 결과를 발표했습니다. 이 회사는 새로 발견된 Ramp Zone에서 후속 시추 구멍 두 곳에서 인상적인 교차점을 보고했으며, 그 중 하나는 APC103-D2 구멍에서 51.95미터에 8.38g/t 금에 해당하는 등급을 기록하여 Apollo에서 가장 깊은 구멍입니다.
Ramp Zone은 50미터 길이로, 수직으로는 150미터 확장되었으며, 표면 아래 1,050미터에서 1,200미터 사이에 광물화가 확인되었습니다. 이 지역은 1.75킬로미터 떨어진 Aris Mining의 Marmato Deeps 매장지와 유사성을 공유하지만, 물질적으로 더 높은 등급을 보입니다. 현재 이 회사는 2025년을 위한 60,000미터 시추 프로그램을 완전 자금 지원을 받아 진행하며, 2개의 추가 장비가 2월에 시추를 시작할 예정입니다.
Collective Mining (NYSE: CNL) a annoncé des résultats de forage significatifs issus de son système Apollo dans le projet Guayabales en Colombie. La société a rapporté des interceptions impressionnantes de deux trous de forage de suivi dans la nouvelle Ramp Zone, y compris 51,95 mètres avec une teneur équivalente de 8,38 g/t d’or dans le trou APC103-D2, le trou le plus profond jamais foré à Apollo.
La Ramp Zone a été étendue d’environ 50 mètres sur la strike et de 150 mètres verticalement, avec de la minéralisation identifiée entre 1 050 et 1 200 mètres sous la surface. La zone présente des similitudes avec le dépôt Marmato Deeps d'Aris Mining, situé à 1,75 kilomètres, mais montre des teneurs matériellement plus élevées. L'entreprise dispose actuellement de cinq foreuses en activité dans le cadre de son programme de forage entièrement financé de 60 000 mètres pour 2025, avec deux foreuses supplémentaires qui devraient commencer à forer en février.
Collective Mining (NYSE: CNL) hat bedeutende Bohrergebnisse aus seinem Apollo-System im Guayabales-Projekt in Kolumbien angekündigt. Das Unternehmen berichtete von beeindruckenden Intersektionen aus zwei Folgebohrungen in der neu entdeckten Ramp Zone, darunter 51,95 Meter mit einem Gehalt von 8,38 g/t Goldäquivalent im Bohrloch APC103-D2, dem tiefsten Loch, das je in Apollo gebohrt wurde.
Die Ramp Zone wurde um etwa 50 Meter entlang der Strike und um 150 Meter vertikal erweitert, mit Mineralisierungen, die zwischen 1.050 und 1.200 Metern unter der Oberfläche identifiziert wurden. Die Zone weist Ähnlichkeiten mit der Marmato Deeps-Lagerstätte von Aris Mining auf, die 1,75 Kilometer entfernt liegt, zeigt jedoch materialisch höhere Gehalte. Das Unternehmen hat derzeit fünf Bohranlagen im Einsatz, die Teil seines vollständig finanzierten 60.000-Meter-Bohrprogramms für 2025 sind, wobei zwei zusätzliche Geräte im Februar mit dem Bohren beginnen sollen.
- Impressive high-grade gold intersection of 51.95m @ 8.38 g/t AuEq, including 18.05m @ 16.32 g/t AuEq
- Expansion of Ramp Zone by 50m along strike and 150m vertically
- Higher grades compared to nearby Marmato Deeps deposit
- Fully funded 60,000-metre drill program for 2025
- Addition of two more drill rigs in February 2025
- None.
Insights
The latest drilling results from Collective Mining's Apollo system represent a significant breakthrough in the project's development. The intercepted grades of 8.38 g/t AuEq over 51.95 metres are exceptionally high by industry standards, where grades above 5 g/t are typically considered high-grade.
The geological similarities with the nearby Marmato Deeps deposit (which hosts 3.76 million ounces of measured and indicated resources) provide strong validation of the exploration model. Two key advantages distinguish the Ramp Zone:
- The breccia host rock's enhanced porosity facilitates better mineral deposition
- The overprinting by CBM veins adds an additional high-grade component
The strategic positioning of the mineralization starting at the planned underground access tunnel level (~1,050m depth) could significantly impact future mining economics by potentially reducing initial capital requirements and simplifying access to the high-grade zones. The reported metallurgical recovery rates of 97% for gold and 95% for copper are particularly impressive, suggesting potential for cost-effective processing.
The Ramp Zone's location, just 1.75 kilometers from an operating mine under construction, demonstrates the area's proven mining jurisdiction status and could offer synergistic opportunities for development. With mineralization open in all directions and showing higher grades than Marmato Deeps, the exploration upside remains substantial.
- Drill Hole APC103-D2 cut an impressive 51.95 metres grading 8.38 g/t gold equivalent in the New Ramp Zone discovery and is the deepest hole ever drilled at the Apollo system with the hole bottoming in mineralization at approximately 1,200 metres below surface. Both holes announced herein have expanded the recently discovered high-grade Ramp Zone by approximately 50 meters along strike and 150 metres vertically.
- The Ramp Zone discovery appears to share many similarities to a reduced or partially reduced intrusion related system with numerous comparable characteristics to Aris Mining's multi-million-ounce Marmato Deeps gold deposit located only 1.75 kilometres along strike to the southeast and currently under construction.
- Drilling continues to test the Ramp Zone with two holes currently coring into the Ramp Zone and a third drill pad now under construction. The Ramp Zone remains completely open in all directions for expansion.
Ari Sussman, Executive Chairman commented: "Drilling into the Ramp Zone appears to be confirming that not only have we discovered a new high-grade gold system at the deepest drilled depths of the Apollo system, but that we have potentially only drilled the top of it. Without question, the fluids depositing gold at the Ramp Zone are more reduced than the top 1,000 metres of the Apollo system with a very strong correlation between gold and bismuth grades. Additionally, the Ramp Zone shares certain geological characteristics with the multi-million-ounce Marmato Deeps deposit but so far has materially higher grades due to the more porous host rock and overprinting late-stage porphyry related CBM veins. The Marmato Deeps deposit has been drilled over 700 metres vertically where it remains open. If our Ramp Zone discovery evolves into a system with similar dimensions as Marmato Deeps, we are only at the cusp of drilling a very large endowment of high-grade gold at depth."
To watch a video of David Reading, Special Advisor to the Company and QP under NI43-101 explain today's results please click on the link here.
The Company currently has five drill rigs operating as part of its fully funded 60,000-metre drill program for 2025. Two additional rigs have been contracted with drilling anticipated to ensue in February. The Ramp Zone is a priority in the 2025 drilling program with up to three rigs targeting the zone simultaneously.
Details (see Table 1 and Figures 1-4)
- Hole APC103-D2 was drilled from mother hole APC-103D in a southwest direction to intersect the Ramp Zone. In what is now the deepest intersection of high-grade mineralization at Apollo to date, the hole intercepted the Ramp Zone at 1,200 metres below surface and extended the vertical dimension of the Ramp Zone by 150 metres and it remains open. The hole cut impressive high-grade gold mineralization over two zones before being stopped while in mineralization in the latter zone with assays results as follows:
- 51.95 metres @ 8.38 g/t gold equivalent from 227.10 metres including;
- 18.05 metres @ 16.32 g/t gold equivalent from 259.85 metres and;
- 18.05 metres @ 16.32 g/t gold equivalent from 259.85 metres and;
- 18.50 metres @ 3.84 g/t gold equivalent from 340.30 metres and bottoming in strong mineralization.
- 51.95 metres @ 8.38 g/t gold equivalent from 227.10 metres including;
- APC103-D1 was also drilled towards the southwest portion of Apollo and directed to laterally step-out eastwards along strike from the original discovery hole of the Ramp Zone (APC99-D5; see press release dated October 22, 2024). APC103-D1 cut a broad interval of continuous mineralization with assay results as follows:
- 48.30 metres @ 3.00 g/t gold equivalent from 396 metres including;
- 13.60 metres @ 5.16 g/t gold equivalent from 421 metres
- 13.60 metres @ 5.16 g/t gold equivalent from 421 metres
- 48.30 metres @ 3.00 g/t gold equivalent from 396 metres including;
- The mineralization identified to date in the Ramp Zone is located between 1,050 metres and 1,200 metres below surface and clearly outlines the beginning and most shallow part of a new style of mineralized system. The gold bearing, sulphide mineral assemblages are very similar to those seen in Aris Mining's Marmato Deeps deposit which starts, coincidentally, at the same depth below surface as the Ramp Zone. A mine to produce gold from the Marmato Deeps deposit is currently under construction. Aris Mining's Marmato Deeps deposit hosts an NI43-101 compliant resource estimate of 3.76 million ounces of gold in the measured plus indicated category at 2.54 g/t gold (hosted within 46 million tonnes) and 2.54 million ounces of inferred gold at 2.39 g/t gold (hosted within 33.1 million tonnes). The dimensions of the Marmato Deeps deposit measure up to 950 metres of strike x 300 metres width x 750 metres vertical and remains open.
Gold and silver mineralization in the Ramp Zone is associated with sulphides of bismuth and tellurium in association with pyrite and pyrrhotite in veins, veinlets and vein stockwork. The Company has dispatched samples for microscopic thin section evaluation to better understand the genesis of the Ramp Zone as it could be similar to the multi-million-ounce, reduced granite system at Marmato Deeps deposit located only 1.75 kilometers to the southeast of Apollo. However, the key difference between early assay results for drill holes from the Ramp Zone compared to the Marmato Deeps deposit is that the gold grades from early drilling at the Ramp Zone thus far are significantly higher. The Company believes there are two primary reasons leading to the higher gold grades at the Ramp Zone which are as follows:- Mineralization is hosted within a breccia, which has more porosity for metal bearing fluids to be deposited than the pre-cursor porphyry host rock at Marmato Deeps;
- The mineralization is overprinted in places by the same late-stage high-grade porphyry veins ("CBM veins") that overprint all of the Apollo system drilled to date from surface.
- As a reminder, the top of the Ramp Zone at approximately 1,050 meters below surface is located in close proximity to the elevation of a future proposed access haulage tunnel for potential underground mining scenarios at Apollo (see Figure 1).
Table 1: Ramp Zone Assays Results for Drill Holes APC103-D1 and APC103-D2
Hole # | From | To | Length | Au | Ag | Cu | Zn | AuEq |
APC103-D1 | 396.00 | 444.30 | 48.30 | 2.94 | 8 | 0.02 | 0.07 | 3.00 |
Incl. | 421.00 | 434.60 | 13.60 | 5.05 | 17 | 0.02 | 0.04 | 5.16 |
APC103-D2 | 227.10 | 279.05 | 51.95 | 8.21 | 30 | 0.02 | 0.02 | 8.38 |
Incl. | 259.85 | 277.90 | 18.05 | 16.14 | 50 | 0.01 | 0.03 | 16.32 |
and | 340.30 | 358.80 | 18.50 | 3.71 | 14 | 0.04 | 0.03 | 3.84 |
* | AuEq (g/t) is calculated as follows: (Au (g/t) x 0.97) + (Ag (g/t) x 0.015 x 0.85) + (Cu (%) x 1.44 x 0.95) + (Zn (%) x 0.43 x 0.85) utilizing metal prices of Ag – |
Figure 1: Apollo System Section: High-Grade Continuity from Surface for Over 1,200 Metres and Open. The Ramp Zone Begins at the Proposed Underground Access Tunnel at Approximately 1,000 Metres Above Sea Level
Figure 2: Plan View of the Apollo System Outlining Assay Results for Drill Holes Intersecting the High-Grade Ramp Zone Discovery
Figure 3: Section Highlighting How the Apollo System's Ramp Zone Discovery and Marmato Deeps Deposit Are Only 1.75 Kilometres Apart and Begin at a Similar Elevation
Figure 4: Plan View of the Guayabales Project Highlighting the Area Encompassing the Apollo System
About Collective Mining Ltd.
To see our latest corporate presentation and related information, please visit www.collectivemining.com
Founded by the team that developed and sold Continental Gold Inc. to Zijin Mining for approximately
The Company's flagship project, Guayabales, is anchored by the Apollo system, which hosts the large-scale, bulk-tonnage and high-grade gold-silver-copper-tungsten Apollo system. The Company's objectives are to expand the Apollo system by stepping out along strike and testing the newly discovered high-grade Apollo Ramp Zone, expand the Trap system and drill a series of newly generated targets including Tower and X.
Management, insiders, a strategic investor and close family and friends own
Qualified Person (QP) and NI43-101 Disclosure
David J Reading is the designated Qualified Person for this news release within the meaning of National Instrument 43-101 ("NI 43-101") and has reviewed and verified that the technical information contained herein is accurate and approves of the written disclosure of same. Mr. Reading has an MSc in Economic Geology and is a Fellow of the Institute of Materials, Minerals and Mining and of the Society of Economic Geology (SEG).
Technical Information
Rock, soils and core samples have been prepared and analyzed at ALS laboratory facilities in
Information Contact:
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FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" and "forward-looking information" within the meaning of applicable securities legislation (collectively, "forward-looking statements"). All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussion with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always using phrases such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: the anticipated advancement of mineral properties or programs; future operations; future recovery metal recovery rates; future growth potential of Collective; and future development plans.
These forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding future events including the direction of our business. Management believes that these assumptions are reasonable. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others: risks related to the speculative nature of the Company's business; the Company's formative stage of development; the Company's financial position; possible variations in mineralization, grade or recovery rates; actual results of current exploration activities; conclusions of future economic evaluations; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, precious and base metals or certain other commodities; fluctuations in currency markets; change in national and local government, legislation, taxation, controls regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formation pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); and title to properties, as well as those risk factors discussed or referred to in the annual information form of the Company dated March 27, 2024. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements and there may be other factors that cause results not to be anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements.
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SOURCE Collective Mining Ltd.
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